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20121126
20121126
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displayed on hunting down osama bin laden. he often holds meetings in his pentagon office with his dog curled up around his feet as he is pressing a commander on how a war plan is going to advance or how they are going to make more progress. when traveling, who he is known to hang out in the back of the plan with staff and journalists and waxing eloquent about what it is like growing up as an italian american first generation american on a walnut farm outside monterey. hours earlier he had been to all businesses delivering tough talking points on behalf of the president. he is known for his colorful language when talking and often for getting the press corps hangs on every four-letter word. he is also known for the passion with which he pursues the stewardship of his job, whether it is seeking to end sexual assault in the military or ensuring our officers are trained to hold the highest standards. he cares deeply and genuinely about men and women in uniform, and their families, their sacrifice, about wounded war years, our veterans. he has an easy laugh, but as he would say, he is seri
of strategy, yes, it's essential, important, including for the first time two years ago, the pentagon had a conference i was there in which we discussed india and american cooperation in the pacific. never happened before. it does not mean [indiscernible] we are taking positions which are corporative, dynamic, and which recognize that nation's change. people change. we have to keep abreast of changing conditions, if you like. >> i want to pose one last thing. i look today to see how much china held in u.s. treasurys serves about 1.55 trilion. -- $1.55 trillion. we often talk about power in a classical sense, but there is no doubt economies matter. whether it has been leon panetta, bob gates, admiral mullen, the constant focus on the economic dynamism of the country -- i do not know canada's net account with china, but it raises the fundamental question of whether american debt is an asset or liability. the conference yesterday or recently in davos for someone made the comment that it is the size of the pentagon and the size of american that there were too big to fail and those debt holder
, postpone pentagon cuts, and now they are putting health care on the table. mr. cantor says the gop has presented a big move. nah. losing an election is big. i'm still waiting for the move part from them. joining me now is jared bernstein, msnbc contributor and former chief economist for vice president joe biden and michelle cottle, washington correspondent for newsweek and the daily beast. thank you both for coming on the show. >> thanks, rev. >> michelle, let me go to you first. let's leave the other tax reform issues for aside for the moment. how can they defend not raising rates? >> this is fundamental to the house republicans got elected and who they are. taxation is stealing under any circumstances you don't raise the tax rates. and this whole grover norquist pledge, i agree, is a complete distraction. no matter how you feel about taxes, you don't want to look like you're tied to and being given marching orders by somebody who people have never heard of. i don't think the norquist pledge really matters. the house, in particular, has a problem with any kind of tax rate hike. >> now
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